Macquarie analyst Cherry Ma pointed out in the report that Xiaomi is expected to maintain revenue growth in 2026, driven by the expected doubling of revenue from the electric vehicle business and the steady growth of the Internet of Things business. Ma lowered its mobile phone sales forecast. It is expected that sales will drop 13% in 2026, but a higher average selling price should offset the rise in storage costs, thereby boosting the sector's revenue. Electric vehicle sales are expected to exceed the company's targets, supported by the launch of new models and the strong performance of existing models. The growth rate of the IoT business may slow down, but the expansion of overseas markets and the process of high-end products should partially offset the weakening domestic demand for home appliances. Macquarie lowered Xiaomi's 2026 net profit forecast by 0.5% and fine-tuned the target price from HK$54.20 to HK$54.00. The stock previously closed at HK$38.02.

Macquarie analyst Cherry Ma pointed out in the report that Xiaomi is expected to maintain revenue growth in 2026, driven by the expected doubling of revenue from the electric vehicle business and the steady growth of the Internet of Things business. Ma lowered its mobile phone sales forecast. It is expected that sales will drop 13% in 2026, but a higher average selling price should offset the rise in storage costs, thereby boosting the sector's revenue. Electric vehicle sales are expected to exceed the company's targets, supported by the launch of new models and the strong performance of existing models. The growth rate of the IoT business may slow down, but the expansion of overseas markets and the process of high-end products should partially offset the weakening domestic demand for home appliances. Macquarie lowered Xiaomi's 2026 net profit forecast by 0.5% and fine-tuned the target price from HK$54.20 to HK$54.00. The stock previously closed at HK$38.02.